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My talk on web2 and micro finance

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  • 1. Microfinance 2.0: How Web 2.0 is helping to explore the Fortune at the Bottom! Siva Prasad http://shivp.wordpress.com
  • 2. What I Want You to Get
    • Understand the concepts in the title
    • How these concepts are connecting
    • Evolving models in Microfinance
    • Not an opinion that this guy has
    • blabbered 
  • 3.  
  • 4. Microfinance 2.0: How Web 2.0 is helping to explore the Fortune at the Bottom !
  • 5. The Pyramid Source: UN Development reports
  • 6. 4000 2000 Market Size (Bn USD) Difficult to access, unorganized and dispersed Concentrated,organized, easy to access Characteristic
    • Income generation opportunities
    • Economic freedom
    4 Entertainment, Convenience, better quality of life 1 Needs Tier
  • 7. Microfinance 2.0: How Web 2.0 is helping to explore the Fortune at the Bottom!
  • 8.
    • “ The activity of provision of financial services to clients who are excluded from the traditional financial system on account of their lower economic status”
    • - Wikipedia
    • Size of the typical loan ranges from Rs.3000 – Rs.12,000
    • Without MF, clients pay from 50 – 100% annualized interest rate
    • MFIs charge 12 – 24% rate.
    • Repayment rates above 99%
  • 9. Individuals as lenders Individuals as borrowers
  • 10. Microfinance 2.0: How Web 2.0 is helping to explore the Fortune at the Bottom!
  • 11.
    • An architecture of participation and democracy – Participatory Web
    • Users exercise control over the data
    • Network as platform
    • Some social networking aspects
    • A rich, interactive, user-friendly interface
    Characteristics of Web2.0 Source: www.wikipedia.org
  • 12. Lending and Borrowing Platform MFI MFI Lenders Borrowers Back to 300 A.D!!!
  • 13. Existing Models
    • www.Kiva.org
    • www.fundable.org
    • www.microplace.com
  • 14. “ You must be the change you wish to see in the world ” - M.K. Gandhi